A corner development building for sale in the heart of Kerem HaTeimanim, one of Tel Aviv’s most desirable, developing and distinctive neighborhoods.
The property is located within walking distance from the Mediterranean Sea, Carmel Market, Nahalat Binyamin, Neve Tzedek, restaurants, cafés, nightlife, galleries and the city’s cultural destinations. This prime location combines high residential demand, proximity to the beach, authentic neighborhood character and significant real estate potential.
The asset is a corner building designated for demolition and reconstruction, with valid approved building rights. The approved project allows the construction of a boutique residential building totaling approx. 500 sqm of built area, divided into 4 residential units of different sizes.
The land size is approx. 160 sqm, with potential for approx. 500 sqm of future built area and approx. 150 sqm of balconies and outdoor areas. The approved planning creates strong sales and design flexibility, making the property especially attractive for developers and investors looking for a high-quality boutique project in Tel Aviv.
The planned layout includes a ground and parterre level apartment with an English courtyard, a ground-floor apartment with a private garden, a full first-floor apartment with balconies, and a duplex penthouse on the 2nd and 3rd floors with terraces. The project also includes 3 parking spaces in a stacked parking system, private storage for each unit, elevator and safe rooms.
There is also an alternative planning option to redesign the property into one large urban villa, according to the buyer’s needs and vision.
This property is especially suitable for developers, investors, families and international Jewish buyers looking for a development asset in Tel Aviv, a boutique project in Kerem HaTeimanim, a premium investment near the sea or the option to create a luxury urban home in a strategic location. The combination of location, approved rights, corner position and planning flexibility makes this a rare opportunity in the local market.
For more information, private consultation and full property details, contact Rothschild Properties.